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InPost Parcel Lockers - Agreement with CX Courier in Hong Kong
|By PR Newswire
|March 20, 2014 08:01 PM EDT
HONG KONG, March 21, 2014 /PRNewswire/ --
Integer.pl Group - the operator of the biggest parcel lockers' network in the world - has entered an agreement with CX Courier Ltd. - one of the leading courier companies across Hong Kong. The agreement includes:
- Roll-out of 150 locker locations across Hong Kong by 2015, in a deal worth up to €3.2 million
- Further option over 150 locker locations (making 300 in total) across Hong Kong by 2016, in a deal worth up to €6.4 million
CX Couriers are one of the top five courier companies in Hong Kong with a 20% market share and this new agreement with InPost is part of their growth strategy, as they aim to grow their market share towards 30%, over the next two years. There are some 4.5 million parcels delivered each month across Hong Kong.
For Integer.pl Group this is an important milestone commercial agreement as it starts the InPost parcel locker expansion in Greater China.
The agreement will see Integer.pl Group rent InPost parcel lockers for the exclusive usage of CX Courier, and at the same time it will develop its own network branded InPost 24, with CX Courier as a logistic partner, across Hong Kong.
As part of the expansion plan, both companies are looking at potential locker locations including: residential compounds; supermarkets; business centres; tram and railway stations; universities and car parks across Hong Kong.
The agreement has been put in place to capitalise on the pace of expansion in e-commerce across Asia, which is showing growth of 32% year-on-year.
Christian Secci, General Manager InPost Asia commented:
"Hong Kong is a vibrant and important consumer market. There are two big barriers to courier companies opening their own collection centres - namely: lack of available sites and the cost of land. Both these factors together with the expansion of e-commerce mean that courier companies need to find innovative solutions to meet the ever increasing demands of today's time poor consumers. This agreement offers a great new service for the Hong Kong consumer."
Johnson Yim, Executive Director CX Courier added:
"We are excited about this new venture, as we see a huge opportunity to introduce a new click and collect service that will radically improve the delivery experience for Hong Kong shoppers, particularly in high density residential areas. Customers will no longer have to wait at home for their parcels or queue at Post Offices to collect their online purchases. This saves customer's time and gives them the flexibility to choose a convenient locker location that suits their needs. We see InPost and their Automated Parcel Lockers (APL) machines as a logical partner to capitalise in the e-commerce parcel market, which is experiencing incredible demand across the region."
Notes to Editors:
Founded in 1987, CX Courier is an international courier based in Hong Kong, providing domestic and worldwide express services to over 80 countries, together with local courier and freight services. The company is now focused on the next phase of its expansion, as it builds regional and global partnerships to capitalise on the e-commerce logistics growth worldwide.
About Integer.pl Group / InPost:
Integer.pl Group is one of the most successful private postal groups in Europe. Through their InPost parcel lockers they continue to revolutionize the world's postal and courier market. The innovative terminals are already available in 19 countries globally including: Australia, Chile, Columbia, Great Britain, Italy, Poland, Russia and Ukraine. There are currently over 3,500 parcel lockers worldwide.
Integer.pl Group, in partnership with the global private equity fund Pinebridge investments, plans to launch over 16,000 locker terminals across Europe over the next three years. Together with the proposed European expansion, InPost parcel lockers will be developed in both the Americas and in Asia, in a project worth up to 1 billion euros.
The Group is listed on the Warsaw Stock Exchange.
The business focus of Integer.pl Group is on the following areas of activity:
- Parcel services provided to the e-commerce sector and to individual customers through a network of parcel machines - automated equipment used to send and collect parcels on a 24/7 basis,
- Postal and courier services for institutional/business customers and individuals in Poland, based on the Group's own network of branches and Customer Service Centres and own postmen,
- Financial and insurance services provided to mass (institutional/business) and individual customers, as well as mobile payment and e-document services based on the Group's own customer service centres and a franchise network,
- Logistics and transportation services.
For more information please visit: http://www.integer.pl and http://www.inpost24.com.
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